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Gary Black, managing partner and investor at The Future Fund, reports that GOOG shares dropped 3% after hours following a 2Q non-GAAP earnings miss and an upward revision to its FY’26 capital expenditures plan.
The company now expects its capital expenditures in 2026 to range from $195 billion to $205 billion, an increase of $15 billion over prior guidance, which it says is required to meet rising demand.
Black recently observed that U.S. stocks slipped as Samsung reported weak earnings, weighing on AI chip stocks and pushing Brent crude prices higher. He also tracked SK Hynix’s $26.5 billion U.S. ADR debut at $149 during a period of heightened market volatility. These notes follow his ongoing monitoring of major equity and technology sector developments.